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Market Analysis: Europe Orthopedic Prosthetics Market

Europe Orthopedic Prosthetics market is registering a substantial CAGR in the forecast period of 2019-2026. This rise in the market can be attributed to the technology advancements in the field of orthopedic prosthetics design and manufacturing and growing incidence of trauma and road accident.

Market Definition: Europe Orthopedic Prosthetics Market

An orthopedic prosthesis is an artificial limb intended to substitute a patient's mislaid flesh portion. The protocol produced orthopedic prosthetics requires a small weight and very large resistance combination. Supplies such as Kevlar, carbon fiber and titanium are therefore widely used for manufacturing. Orthopedic prosthesis relates to the area of identification, development, manufacture and adjustment of custom artificial limbs in individuals with lacking arms left owing to injury, disease or genetic disease.

Market Drivers

Technology advancements in the field of orthopedic prosthetics design and manufacturing are driving the growth of the market

Growing incidence of trauma is boosting the growth of the market

Rising incident of road accidents is contributing to the growth of the market

Growing population of elderly is propelling the growth of market

Market Restraints

High cost of the device is hampering the growth of the market

Absence of reimbursement policies is hindering the growth of the market

Regulatory requirement is also restraining the growth of the market

Segmentation: Europe Orthopedic Prosthetics Market

By Product Type

Spinal Orthotics

Sockets

Modular Components

Liners

Braces

Lower Extremity Prosthetics

Arm Prosthesis

Prosthetic legs

Knee Prosthetics

Hip Prosthetics

Foot & Ankle Prosthetics

Upper Extremity Prosthetics

Shoulder Prosthetics

Hand Prosthetics

Elbow Prosthetics

By Technology

Manual Prosthetics

Hybrid Orthopedic Prosthetics

Electric Powered

Conventional

By Application

Disabled Children

Disabled Adult

By End User

Trauma Centers

Rehabilitation Center

Prosthetic Clinics

Outpatient Centre

Orthopedic Clinics

Hospitals

Other End Users

By Country

Germany

Italy

U.K.

France

Spain

Netherlands

Belgium

Switzerland

Turkey

Russia

Rest of Europe

Key Developments in the Market:

In March 2019 UNYQ, a San Francisco-based company that specializes in 3-dimensional print medical wearables, is launching UNYQ Socket, a 3-dimensional prothesis device manufactured at the British Association of Prothetics and Orthotics (BAPO), Harrogate, U.K. The clinician can also reproduce the painted three-dimensional socket. This reduces their and end users ' money, which reduces the need for numerous trips with many amputates receiving more than one prothetic arm.

In February 2019 Össur has bought SpringActive, Inc., a privately-owned engineering company specializing in computer-controlled prosthetic devices and manufacturing exotic systems, SpringActive's electric prosthetic ankle technology allows the patient to operate and ambulate on all terrains, offering a variety of movement designed to allow the customer to manage and execute normal ankle activities. This purchase investigated the ability of technology to distribute across various consumer systems, a powerful operating connection between organizations and supplementary characteristics between the two R&D groups.

Competitive Analysis:

Europe Orthopedic Prosthetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares Orthopedic Prosthetics for Europe

Research Methodology: Europe Orthopedic Prosthetics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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